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Side-by-side financial comparison of Citi Trends Inc (CTRN) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Citi Trends Inc is the larger business by last-quarter revenue ($197.1M vs $173.1M, roughly 1.1× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 10.1%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $767.0K). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -4.3%).
Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.
Varonis Systems, Inc. is a software company based in Miami, Florida with R&D offices in Herzliya, Israel. The company’s Data Security Platform analyzes data and data activity using the insights to identify data exposure risks stemming from access permissions and software-as-a-service (SaaS) app configurations, triggering automated remediation capabilities in response.
CTRN vs VRNS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $197.1M | $173.1M |
| Net Profit | $-6.9M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | -3.7% | -1.7% |
| Net Margin | -3.5% | — |
| Revenue YoY | 10.1% | 26.9% |
| Net Profit YoY | 3.6% | — |
| EPS (diluted) | $-0.86 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $197.1M | $173.4M | ||
| Q3 25 | $190.8M | $161.6M | ||
| Q2 25 | $201.7M | $152.2M | ||
| Q1 25 | $211.2M | $136.4M | ||
| Q4 24 | $179.1M | $158.5M | ||
| Q3 24 | $176.6M | $148.1M | ||
| Q2 24 | $186.3M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-6.9M | $-27.8M | ||
| Q3 25 | $3.8M | $-29.9M | ||
| Q2 25 | $871.0K | $-35.8M | ||
| Q1 25 | $-14.2M | $-35.8M | ||
| Q4 24 | $-7.2M | $-13.0M | ||
| Q3 24 | $-18.4M | $-18.3M | ||
| Q2 24 | $-3.4M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | — | 78.9% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 78.7% | ||
| Q4 24 | — | 83.6% | ||
| Q3 24 | — | 83.8% | ||
| Q2 24 | — | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -3.7% | -17.5% | ||
| Q3 25 | 1.8% | -22.2% | ||
| Q2 25 | 0.2% | -24.0% | ||
| Q1 25 | 0.6% | -32.1% | ||
| Q4 24 | -4.9% | -11.1% | ||
| Q3 24 | -14.1% | -16.0% | ||
| Q2 24 | -3.7% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -3.5% | -16.0% | ||
| Q3 25 | 2.0% | -18.5% | ||
| Q2 25 | 0.4% | -23.5% | ||
| Q1 25 | -6.7% | -26.2% | ||
| Q4 24 | -4.0% | -8.2% | ||
| Q3 24 | -10.4% | -12.4% | ||
| Q2 24 | -1.8% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-0.86 | $-0.23 | ||
| Q3 25 | $0.46 | $-0.26 | ||
| Q2 25 | $0.11 | $-0.32 | ||
| Q1 25 | $-1.70 | $-0.32 | ||
| Q4 24 | $-0.86 | $-0.12 | ||
| Q3 24 | $-2.21 | $-0.16 | ||
| Q2 24 | $-0.42 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $107.8M | $453.5M |
| Total Assets | $464.3M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | — | $883.7M | ||
| Q3 25 | — | $671.3M | ||
| Q2 25 | — | $770.9M | ||
| Q1 25 | — | $567.6M | ||
| Q4 24 | — | $529.0M | ||
| Q3 24 | — | $844.8M | ||
| Q2 24 | — | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $107.8M | $598.7M | ||
| Q3 25 | $113.2M | $604.8M | ||
| Q2 25 | $108.6M | $341.5M | ||
| Q1 25 | $113.2M | $367.7M | ||
| Q4 24 | $130.3M | $455.7M | ||
| Q3 24 | $136.6M | $428.6M | ||
| Q2 24 | $154.8M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $464.3M | $1.8B | ||
| Q3 25 | $457.4M | $1.7B | ||
| Q2 25 | $437.4M | $1.6B | ||
| Q1 25 | $462.8M | $1.6B | ||
| Q4 24 | $467.1M | $1.7B | ||
| Q3 24 | $506.7M | $1.5B | ||
| Q2 24 | $484.1M | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.6M | $55.0M |
| Free Cash FlowOCF − Capex | $767.0K | $49.0M |
| FCF MarginFCF / Revenue | 0.4% | 28.3% |
| Capex IntensityCapex / Revenue | 4.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $11.9M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $8.6M | $24.7M | ||
| Q3 25 | $3.9M | $33.4M | ||
| Q2 25 | $-11.0M | $21.3M | ||
| Q1 25 | $28.5M | $68.0M | ||
| Q4 24 | $-18.4M | $24.3M | ||
| Q3 24 | $5.6M | $22.5M | ||
| Q2 24 | $-19.6M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $767.0K | $20.7M | ||
| Q3 25 | $-1.7M | $30.4M | ||
| Q2 25 | $-13.1M | $18.0M | ||
| Q1 25 | $26.0M | $65.7M | ||
| Q4 24 | $-20.4M | $19.9M | ||
| Q3 24 | $1.7M | $21.3M | ||
| Q2 24 | $-21.2M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 0.4% | 12.0% | ||
| Q3 25 | -0.9% | 18.8% | ||
| Q2 25 | -6.5% | 11.8% | ||
| Q1 25 | 12.3% | 48.1% | ||
| Q4 24 | -11.4% | 12.6% | ||
| Q3 24 | 0.9% | 14.4% | ||
| Q2 24 | -11.4% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.0% | 2.3% | ||
| Q3 25 | 2.9% | 1.8% | ||
| Q2 25 | 1.0% | 2.2% | ||
| Q1 25 | 1.2% | 1.7% | ||
| Q4 24 | 1.1% | 2.7% | ||
| Q3 24 | 2.2% | 0.8% | ||
| Q2 24 | 0.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 1.01× | — | ||
| Q2 25 | -12.59× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTRN
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
